The Department of Labor’s proposed overtime rule changes will effectively double the minimum salary threshold for exempt employees. This Technical Bulletin, co-published with Cozen O’Connor, discusses in more detail the proposed rules and how those proposed rules may impact employers.
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The United States Supreme Court recently issued a ruling in a much-watched fiduciary liability case, Tibble v. Edison International. Commentators awaited Tibble with special interest because the Supreme Court granted certiorari on a very broad question – namely, whether the six-year statute of repose in the Employee Retirement Income Security Act of 1974 (“ERISA”) barred imprudent investment claims where the initial investment decision was more than six years prior to the suit.
Cyber Liability insurance is no longer a coverage that is nice to have; it’s saving organizations money, time and reputations. This article includes basic tips a church can take to help prevent a cyber loss from happening in the first place.
Steve Mann, Area Vice President, Investment Advisor Representative, Executive Benefits Consulting, writes, “There are many factors that impact the arc of our human capital: education, mentoring, unique experiences, relationships and training, to name a few. There are always a small, select group of employees whose potential human capital is higher than others.” Read more about key employee retirement strategy.
Nick Davies, Area President, Institutional Investment & Fiduciary Services and Andy Irving, Area Senior Vice President and Area Counsel, Institutional Investment & Fiduciary Services, write, “2014 was characterized by increased volatility in the markets and uncertainty in terms of global growth, interest rates and commodities prices (particularly oil)…” Read more about this topic.
Markets changed direction in the second quarter, most notably in U.S. and German government bonds, Chinese equities, and even U.S. stocks, where the S&P 500 snapped a nine-quarter winning streak.
Hazard Communication Standard requires employers to make a chemical inventory list of the hazardous chemicals present in the workplace. The chemicals on these lists are identified with markers to easily find the corresponding safety data sheet (SDS).
This article discusses a recent Review Commission decision, Sec’y of Labor v. Wal-Mart Distrib. Ctr. No. 6016, OSHRC Docket No. 08-1292, 25 OSHC (BNA) 1396 (OSHRC April 27, 2015), outlining when an employer can and cannot conduct or rely upon a “global” hazard assessment for PPE in the workplace as well as when a hazard is significant enough that it requires the use of PPE.
Mark Rosenberg, Area President, Healthcare Analytics Consulting, writes, “With prescription drug trend on its way back to levels last seen at the start of this century, employers have definitely taken notice. They are posing critical questions to their advisers and consultants about how to control these costs…”
Technical Bulletin – 2015 Issue 4– Department of Labor Announces Long-Awaited Increase in Salary Threshold for Exempt Employees
On June 30th, the Wage and Hour Division of the Department of Labor used its rulemaking authority to propose changes to existing overtime regulations that President Obama announced would make “up to five million more people eligible for overtime.”